Reflecting the basic approach to environmental awareness set out in the ESG (Environment, Society, Governance) Policy, we set environmental KPIs in FY2021.
*CO2 emissions intensity, water use intensity, and recycling rate are excluded industrial real estate, due to confidentiality agreements etc., pertaining to data centers (industrial real estate).
Approach to setting numerical targets for CO2 emissions intensity
CO2 emissions originating in the business activities of tenants within the buildings account for approximately 85% of the CO2 emissions in MFLP-REIT’s portfolio as a whole in 2020.
MFLP-REIT aims to reduce not only the portion of CO2 emitted in ownermanaged portion (Scope 1 and 2) but also in the tenant-managed portion (Scope 3), aiming for reducing total CO2 emissions for the whole building.
Going forward, it is conceivable that CO2 emissions from tenant business activities could increase due to additional installation of air conditioning systems to improve working environments and the introduction of automation equipment. However, to realize CO2 emissions reductions across the portfolio, it is essential to take various measures in cooperation with tenants, and MFLP-REIT will make arrangements for tenants to be able to stably procure green electricity.
How CO2 emissions intensity can be reduced
- Various energy-saving measures
- Installation of additional photovoltaic generation facilities and private consumption and consignment of electricity
- Purchase of green electricity (owner and tenant)
*1For the base year 2016, a whole year’s actual performance figures of properties acquired through the IPO are set to 100.
*2Gross floor area in 2030 is expected to be double that at the end of fiscal 2020.
*3It is assumed that the business-as-usual scenarios for intensity levels in 2030 will have roughly the same conditions as in 2020.
*4“Various energy-saving measures” means reductions from the shift to LED lighting, controlled illumination, upgrades to air conditioning systems, and other operational improvements.
*5“Post-FIT solar power” means the reduction that would be achieved if all currently sold renewable energy generated by solar power generation were consumed in-house.
*6The reductions shown above do not incorporate an increase in electricity consumption driven by the installment of new air-conditioning systems and introduction of automated facilities at the request of tenants.